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This has some meaning!
I agree Madp, the geopolitical situation is very high in SN's plans for getting full value for the asset.
Abkaz - If you don't see the problem of the company opening up communication with shareholders, let me remind you of some of the past events.
In 2008 after FRR struck oil, Putin invaded Georgia.
SH/O twice tried to get control of the assets via liquidation.
The GD and BI have hampered the development of Block 12.
The GG have tried to take back Block 12 via arbitration.
Plus there's the geopolitics of the region to consider.
I know it's frustrating and I've even had to argue with Looed in the past about involving investigative journalism. Thankfully, Looed now can see the possible dangers of Frontera communicating too soon. The risk versus reward is just too far towards the former IMHO. Plus if we've been taken for a ride by SN and the board, what would be the benefit of finding out earlier, when the liquidator's, SH/O, Mourant and YA couldn't even get get a result. IMHO SN has too much to lose with his family reputation and links with the Atlantic Council. Plus I don't just think the lobbying resulted in members of the senate and congress representing FRR, but I also think some are possibly invested, as well as the rumours of CIA money. The political implications are too big for the company to have shafted shareholders IMHO, when the geopolitics are taken into account.
Bloody good job too Lifey, I think some people have got too much time on their hands...
Luckily I haven't so that's it from me.
I'll look in next in next month...
Oops that's tomorrow!
;-)
Abkaz, I am only on lse board due to ii chat board being taken away many moons ago, great posters like t.o.t and devex , they always mentioned Looed’s finds on ii, now years have passed, these sterling chaps formed fshg group for us real holders to be part of. They and Looed have done as much as I can honestly see and truly believe anyone could have done, without involving lawyers etc.
now Looed has “clearly” stated this many times, crack on yourself and see how far you get? trust me it will get you no further than we are now, and only make your wallet or purse less heavy due to lawyers fees.
This is a board for frontera discussions, everyone has a right of opinion, but please crack on and let us know how you folks get on ?
For myself yet again, I am happy to sit and wait , there has been more info found, updates given and movement on company status than anything years gone by gave us. All positive in my eyes but not a given, I am fully aware as I have been for years this could be my hard earned savings gone.
In our leader I trust, it may come back and bite me, but gut and faith says otherwise.
Great post Devex and good to read your write up again.
GLA real holders
Speak for yourself mate. I care. The problem is: if the majority of shareholders continue to publicly express satisfaction with the current state of affairs, which they do by regularly approving messages asserting that the company’s best approach is to avoid all communication with shareholders, it validates that position and disincentivises reestablishing lines of communication.
Ricardo is right. Even when a company is subject to regulatory scrutiny, it can be difficult to determine the operations of a company and the motivations of directors. Every shareholder has to approach an investment with a huge dose of skepticism because money is constantly at risk. In this circumstance we have multitudes of evidence demonstrating that the company hasn’t historically worked in the best interest of shareholders and now we are expected to divine the company’s intentions from messages conveyed by an anonymous third party? Gimme a break.
We don’t even have anything to substantiate the claim, which has become accepted on this board without any evidence, that the company can’t communicate due to some unspecified legal threat.
I’ve never heard of anything like that before. I can’t even really think of a good reason why that might be the case. Any entity connected, or in conflict, with the company will be aware of the existence of shareholders and this board is public so all the ‘sleuthed’ information can be easily accessed.
I don’t have any answers about how to change the situation but it is clear the answer isn’t: every shareholders should independently try to establish a private link the company. This perpetuates an information asymmetry and neuters the advantage we have as a large engaged shareholder base.
Personally I don’t see any problem with drafting a letter undersigned by the hundreds (?) of active shareholders demanding a basic level of formal communication and presenting it to the company via the supposedly verified channel. The suggestion that by applying pressure on the company to reestablish communication could harm our prospects is strange, even suspicious, and there are plenty of reasons why it could be done for nefarious reasons.
Bigun2, thankfully Looed’s sense of humour looks bang intact by reading Looed’s today’s posts 👍
Hi armoured_bear, I don't accept your attempt to gatekeep this discussion forum. If you don't wish to discuss a topic then simply move along.
And actually, I'm not ****ed off at all. I'm at peace with getting nothing back from FRR. BUT I'm quite enthused by recent events. Which is exactly the reason why I make the points I do. The more hopeful I get the more I'm trying to counterbalance that by re-appraising what we have. I don't care if you don't want to discuss that, but don't come along trying to be the big armchair internet warrior and tell me what to post. It's rude.
This whole is looed genuine or not ! Is Looeds contact legitimate or not narrative is all getting a little tiresome.
Several of the old guard heavily invested long term investors, none more so than Devex, are trustworthy - are they being questioned about their integrity?
For a long time it has been clear there are dark forces at work trying to devalue and discredit the company and as such in my opinion the situation is wholly understandable.
Devex - thank you for taking the time to clarify and again validate the correspondence validity. Must feel for several and none more so than Looed, that its a waste of their time and effort.
I would like to say thank you for the efforts put in to keeping the LTHs in the loop and hope you do not become disenchanted by the minority of negativity directed towards you and please keep sharing what you can.
I wrote this off to manage my frustration and reliance on my investment in frontera which managed stop my daily checking in here , as well as my heart. I do however trust SN to be doing his best for himself and all invested including us to deliver a return on our time and cash invested in frontera. Im just not totally reliant on that being the case or something that would happen imminently . I will however be delighted when it does and hopefully financially well rewarded
As an extremely grateful and overly invested long term holder i hope you keep going.
Thank you.
The Prodigy
> So we will have to agree to disagree on the meaning of verification.
I'm not sure we disagree as such. I'm not saying there hasn't been verification - by someone. I'm saying that I (and I assume the vast majority of others here) haven't seen it. We've only been told about people I (and again I assume the majority of people here) don't know with unknown skills/experience doing verification via an unknown process to an unknown quality.
The difference between verification happening and being able to evidence that process is an important difference. We should clearly understand what we have (especially since we don't have a whole lot!). Whether people here then decide to rely on trust and hope is up to them.
Having been burnt by other AIM shennigans I've learnt the hard way not to do rely on anything but solid, verifiable facts. So please forgive me for pressing this issue, but I feel strongly that we here should have a clear and accurate understanding of what has been presented to us, and what hasn't. And on that note, if anything I've said above is inaccurate then I'm all ears. I am very much up for discussing any of this further.
Authors note.... :-) For the avoidance of any doubt by anyone else, I may be replying to Looed but that does mean that I expect, demand, or assume anything of Looed, or the FSHG come to that. They are volunteers doing their best to help us for which I will always be grateful.
"But if they are the aliens then doesn't that make us alien to them. So that means they aren't the aliens at all - we are!"
😳😂😂😂😂😂
Looed, that's a totally different conversation, but you could be right...
:-)
If any does turn up then would think we are still at least 1yr away from it.
i’d love to get some “dough” back here ****nal 😀
Looed
Devon is a very trusted poster by many & his good comments on your goodself will be taken seriously by near on all.
Wish could say all, but there will still be the doughters.
Enjoy
But if they are the aliens then doesn't that make us alien to them. So that means they aren't the aliens at all - we are!
I'm not saying it was aliens but maybe it was aliens.
Ricardo2019 – you said “I'm not saying these messages are fraudulent at all, in fact, I have a theory that they are part of SN's legal strategy and therefore real. But I can't prove that they are real. Everything I've been provided is unverifiable from people I don't know who tell me about things only they have seen.” What a conundrum! So we will have to agree to disagree on the meaning of verification.
Before any one asks, no, DevonianExile's account has not been hacked and his post was not planted by dark forces.
Or was it?
Looed you are the most trustworthy guy on this board.
Many solid investors turned up yesterday while dodgy traders
have gone away. Hooray.
I hesitate to comment here - these days I am pretty far removed from all this. However the database is still intact should there be a substantive reason to use it.
Looed keeps occasional contact with us - and I have nothing but admiration for the sheer tenacity and good judgement of him and one or two others trying to maintain a contact point. As some know from this site we have a couple of times been invited to "verify" authenticity of contact. We have seen originals of emails that absolutely seem to originate from the @ email address that appears on the Company's "holding" website - and I would say that a reasonable person would judge them to be entirely authentic. Plus I can see no good reason why anyone would go to the trouble of falsely presenting them
Enough from me - but I for one place my trust in Looed in seeking to steer some form of relationship with those in charge.
Hi ODR, I'm in that majority and it's not the honesty of Looed or FSHG I'm concerned about. Their good intentions are not in question for me. And their efforts to track and report on court cases and snippets from Georgian news are superb - I will happily buy them all a pint when we have our beers to celebrate the rebirth of FRR. But there are powerful forces working against FRR. It's not the people here I'm worried about.
Looed, what FSHG emailed to us doesn't appear to be verification. Hopefully they've held these messages up to the most severe scrutiny - but I have no idea how. There must be light to be shed on that? Surely the good people here must be wondering how FSHG can be so sure? Knowing this could be immensely confidence boosting.
I'm not saying these messages are fraudulent at all, in fact, I have a theory that they are part of SN's legal strategy and therefore real. But I can't prove that they are real. Everything I've been provided is unverifiable from people I don't know who tell me about things only they have seen. That's not a good position to be. But then, neither is owning shares (if that's even the case now) in a delisted company so perhaps these messages are neither here nor there in the story of FRR.
Please don't think that the efforts of yourself and FSHG aren't appreciated. They very much are. But even you must think this situation where a chosen random shareholder receives company messages to distribute like a PR firm would to be totally nuts. You must surely do, because it is!
Don’t let ‘em get you down Looed.
You help keep the hopes alive for many here…
If you are a member of FSHG then you would have received the following email, sent 8th May, 2021,
"Dear Fellow FRR Shareholders
….However, we know that the company continues to communicate with one of our members who also shares these messages with FSHG and the LSE BB (under the pseudonym of Looed).
You will recall we have previously circulated some of this messaging with our members by email or by validating the messages on the LSE BB.
The “comms chain” has sent another message which we would like to share with you. We agree with the shareholder that the source of the comms should not be revealed, though we are able to confirm with absolute confidence that the source is a key figure at the heart of the FRC organization.”
Since Day 1 of comms FSHG have been involved and receive full, unedited and unredacted copies of the in / out comms. That was the situation then, that is the situation now.
Good enough? Or did I fake the FSHG message as well.
All the information re verification etc. was right there in front of you had you bothered to take a second to look for it.